56240 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 56240 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMinnesota
CityGraceville
Time ZoneAmerica/Chicago
Geo Location45.56404, -96.4754
Population876
Size393.2 square miles
Median Family Income$76250.00
Median Home Value$106800.00

Population & Demographics

The following information lists the population statistics and breakdown for the 56240 zip code. The total population is 876, of which, 449 are male and 449 are female. This total population is 1938.56% less than the average. With a total area of 393.2 square miles, the population density is 2.5 people per square mile. The median age of the population is 46 years old. Below you’ll find additional information on the population and demographics of this zip code, including age distribution, race distribution, language spoken, and more.

YearPopulation
2011938
2012920
2013916
2014964
20151004
20161030
20171044
20181065
2019983
2020910
2021876

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 809.1%
Age 5-9647.3%
Age 10-14606.8%
Age 15-19434.9%
Age 20-24222.5
Age 25-29374.2%
Age 30-34505.7%
Age 35-39647.3%
Age 40-4411 1.3%
Age 45-49364.1%
Age 50-54283.2%
Age 55-59485.5%
Age 60-64819.2%
Age 65-69586.6%
Age 70-74404.6%
Age 75-79343.9%
Age 80-84536.1%
Age 85 and over677.6%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 5.2 %
  • Speaks Spanish: 1 %
  • Speaks Other Indo-European Language: 4.1 %
  • Speaks Pacific Island Languages: 0 %
  • Speak Other Languages: 0 %
Marital Status: 
  • Currently Married: 65.2 %
  • Divorced: 6.3 %
  • Separated (not divorced): 0.7 %
  • Never Married: 14.7 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 56240 zip code is $76250. This is -17.05% less than the national average. This income places 19.3% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $17269. Below you can find additional economic characteristics, including income bracket distribution, median income over time, retirement statistics, and more.

Annual Income Bracket ($)Number of Families in Bracket
Less than $10,000.0010
$10,000.00 – $14,999.002
$15,000.00 – $24,999.002
$25,000.00 – $34,999.0032
$35,000.00 – $49,999.0037
$50,000.00 – $74,999.0031
$75,000.00 – $99,999.0031
$100,000.00 – $149,999.0057
$150,000.00 – $199,999,0029
$200,000.00 +7

YearMedian Family Income ($ USD)
201157292
201267656
201370536
201472917
201571071
201671250
201769559
201875313
201972159
202070833
202176250

Income Source# of Households
Wage or Salary211
Self Employment57
Social Security136
Dividends, Interest, or Rental98
Retirement87
Other79

Total Insured & Uninsured Individuals: 
  • Families Insure: 819
  • Families Uninsured: 4
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 87
  • No retirement income: 254

Education

In the 56240 zip code, 95.2% of individuals over 25 years old have a high school degree or higher, and 17.5% have a bachelors degree or higher. Additionally, 0.5% of individuals 3 years and older are in private school, and 99.5% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 56240 zip, there are an estimated 368 people in the labor force, of which, 360 are employed, and 8 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 21.1 minutes. Of the total people that work, 27 worked from home and 360 commuted. The average number of hours worked is 39.2. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts121
Services80
Sales and Office80
Construction and Maintenance:40
Transportation and Material Moving39





Housing

The median home value for the 56240 zip code is 106800. There is an estimated  341 number of occupied housing units, the median gross rent in is $648 per month, and the average monthly housing costs are estimated to be $682. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,00017
$50,000 – $99,00092
$100,000 – $149,99961
$150,000 – $199,99919
$200,000 – $299,99932
$300,000 – $499,9997
$500,000 – $999,9998
$1,000,000+0

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 20195
2000 – 200917
1980 – 199956
1960 – 197997
1940 – 195949
1939 or earlier117

The median number of rooms in all housing units is 6.8 rooms.
Monthly Rent ($ USD)Number of Units
Less than $50010
$500 – $99964
$1,000 – $1,4990
$1,500 – $1,9990
$2,000 – $2,49911
$2,499 – $2,9990
$3,000 + 0

Monthly Housing Costs ($)Number of Households
Less than 30013
300-49954
500-799121
800-99947
1000-149942
1500-199918
2000-249923
2500-29991
3000+2

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%64
20%-24.9%16
25%-29.9%8
30%-34.9%7
35+%11



# of VehiclesHouseholds
None14
194
2136
3+97
Home Heating Characteristics: 
  • Utility Gas: 3.2 %
  • Bottle Tank or LP Gas: 63.6 %
  • Electricity: 28.2 %
  • Oil or Kerosene etc: 2.9 %
  • Coal or Coke: 0 %
  • All Other: 2.1 %

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All information sourced from official government sources including Census.gov, the IRS, and the Department of Education.